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Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR


COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct).  The cape index had the biggest fall which was down by 21.40 pct closed at 1,440 points. The panamax also continued to fall and was down by10.36 percent closed at 839 points . The supramax and handy size indices also  fell slightly and closed at 745 points (down by 1.97 pct) and 443 points (down by 0.89 pct) respectively.

The short period rates for supramax was firm this week fixed around US$ 9500 per day, while the Panamax was fixed around US$ 8000 per day.

The average charter rates was at Cape / US$ 6,633 per day , Panamax / US$ 6,660 per day, Supramax / US$ 7,785 per day and Handy size / US$ 6,543 per day.

The futures for three years (2013-2015) was at around Cape / US$ 13,500 per day, Panamax / US$ 9,000 per day, Supramax / US$ 9,500 per day , Handy size / US$ 8,000 per day.

The supramax index in the far east (S8 route) was down by 4.86 percent and closed at US$ 9,295 per day (last week US$ 9770 per day). The route S7 was also down by 4.49 percent  closed at US$ 5,468 per day (last week US$ 5,725 per day) . The freight market is expected to be steady this week.

The congestion in EC Australia increased to 79 vessels this week (last week 67 vessels).  The vessels waiting at main coal loading ports were at Hay point/4, DBCT/17, Gladstone/17, Abbot Point/2, New Castle/33, Port Kembla/2 vessels.

The Brent crude oil prices was down by 3.59 pct and closed at US$ 108.15 per barrel (last week  US$ 107.16 per barrel). The bunker prices closed higher at US$ 600.00  (last week US$ 595.00 pmt) for IFO 380 cst ex.Singapore on 14th Dec 2012.

Click here for Vistaar’s forecasts (terms & conditions apply) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)



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Recent News

Sunday, 13 January 13
THE FREIGHT MARKET: FAIRLY STEADY - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices up with maximum gain in the Panamax segment. The BDI was up by 7.65 pct clo ...


Saturday, 12 January 13
SUB-BIT FOB INDONESIA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has lost 0.32 percent WoW  but CFR South China coal ship ...


Saturday, 12 January 13
HIGHER COAL PRICES: SEASONAL EFFECT
COALspot.com : Bahana Securities, one of the leading securities in Indonesia, said in its latest coal outlook that,  on US and China&rsquo ...


Friday, 11 January 13
HBA HAS JUMPED BY US$ 5.80 PMT IN JANUARY 2013
COALspot.com -  The Indonesian government has declared bench mark price for coal higher than December price. The monthly coal reference price f ...


Thursday, 10 January 13
PANAMAX : SOME GLIMMERS OF HOPE MID WEEK - FEARNLEYS
According to Fearnley’s weekly report, the Atlantic handy market is stable with rates around USD 11k for Cont-Feast and USD 17k bss USG/Feast. ...


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